Tata Stock Rockets 20% To Lead Nifty 500 Gainers

In the recent trading week, the NIFTY 500 index showcased a blend of performances, with notable movements among various stocks. The top performers were led by KFin Technologies and Indiabulls Housing Finance, while Coromandel International and Vedant Fashions faced significant declines.

KFin Technologies emerged as a leading gainer with a substantial 7.22% increase.

TATA Investment Corporation saw the highest surge of 20%, while IRB Infrastructure Developers and BEML also experienced significant gains of 13.43% and 10.23%, respectively.

Conversely, Coromandel International was the biggest loser, with a decrease of 7.67%.

Vedant Fashions, Trent, TeamLease Services, and Borosil Renewables also faced downturns, with respective decreases of 6.82%, 5.9%, 5.77%, and 5.63%.

On January 30, the Nifty 50 and Sensex, after the previous day’s nearly 2% gain, each experienced a 1% decline as investors engaged in widespread profit-taking. Most sectoral indices ended with losses as market sentiment turned cautious ahead of the US Fed policy outcome on January 31 and the Interim Budget.

The Nifty 50 closed down 216 points (0.99%) at 21,522.10, while the Sensex ended 802 points (1.11%) lower at 71,139.90. Except for realty and PSU Bank, all other indices, including capital goods, FMCG, pharma, and power, saw declines of 0.5-1%. The BSE Midcap index shed 0.5%, and the Smallcap index ended flat.

Read Next: Reliance Industries Says ‘No Comment' On Disney Merger Speculations